Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Gate against Backpack−0.060%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.060%, 7d avg −0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.057% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XLM_USDC_PERP | 0.2160 | 0.0100 | pay 0.0013% / 1h | 58m 54s | $97K | $271K | 20x |
| Short | Gate XLM_USDT | 0.2158 | 0.0100 | get 0.0100% / 8h | 58m 54s | $4.1M | $6.1M | 75x |
Backpack XLM_USDC_PERP
Gate XLM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.060% → −0.003%
- −$5.7
- Slippage, 4 orders
- −$27.13
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$57.83
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 19 min ago; Gate: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 19 min ago | 0.92 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.18 bp | 13.8 bp −$14 | 28.6 bp −$286 | doesn't fit | doesn't fit |
XLM on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XLM/USDC PERP | −0.5000% | 1h | 0.2030 | −6.010% | $5K | $238K | 12x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2159 | −0.054% | $4K | — | 150x | as long as short |
| dYdX XLM-USD | +0.0031% | 1h | 0.2157 | −0.142% | $23K | $3K | 10x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2159 | −0.043% | $578K | $816K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2160 | −0.013% | $55.9M | $151.8M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2158 | −0.079% | $44.0M | $44.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2158 | −0.074% | $13.1M | $42.2M | 50x | as long as short |
| Gate XLM_USDTshort | +0.0100% | 8h | 0.2158 | −0.060% | $4.1M | $6.1M | 75x | |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2159 | −0.019% | $25.8M | $25.8M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2159 | −0.042% | $14.2M | $10.6M | 75x | as long as short |
Injective XLM/USDC PERP
gTrade (Gains Network) XLM/USD
dYdX XLM-USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
MEXC XLM_USDT
KuCoin XLMUSDTMShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XLMUSDT | +0.0100% | 8h | 0.2159 | −0.042% | $25.7M | $19.3M | 75x | as long as short |
| BingX XLM-USDT | +0.0100% | 8h | 0.2158 | −0.060% | — | $7.0M | — | as long as short |
| Backpack XLM_USDC_PERPlong | +0.0100% | 1h | 0.2160 | long leg | $97K | $271K | 20x | |
| Variational Omni XLM | +0.0100% | 8h | 0.2153 | −0.305% | $296K | $1.2M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2154 | −0.253% | $12K | $301K | 10x | as long as short |
| GRVT XLM_USDT_Perp | +0.0100% | 8h | 0.2159 | −0.047% | $601K | $625K | 10x | as long as short |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2153 | −0.329% | $172K | $257K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2159 | −0.037% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2157 | −0.120% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2160 | −0.014% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2158 | −0.079% | $199K | $262K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2160 | +0.019% | $9.1M | $9.1M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2158 | −0.085% | $193K | $1.6M | 10x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2161 | +0.037% | $2.3M | $5.6M | 75x | as long as short |
| Phoenix XLM | +0.0221% | 1h | 0.2153 | −0.324% | $5K | $41K | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0316% / S −0.0167% | 1h | 0.2158 | −0.063% | $45K | — | 100x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0413% | 1h | 0.2160 | +0.011% | $2.6M | $2.7M | 50x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0448% | 1h | 0.2160 | +0.005% | $234K | $1.6M | 50x | as long as short |
| Hyperliquid XLM | +0.0454% | 1h | 0.2162 | +0.083% | $12.3M | $6.1M | 5x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0676% | 1h | 0.2161 | +0.065% | $536K | $165K | 25x | as long as short |
| Lighter XLM | +0.0720% | 1h | 0.2164 | +0.181% | $418K | $809K | 5x | as long as short |
Bitget XLMUSDT
BingX XLM-USDT
Variational Omni XLM
edgeX XLMUSDC
GRVT XLM_USDT_Perp
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
BloFin XLM-USDT
Phoenix XLM
GMX XLM/USD [WBTC.b-USDC]
Kraken Futures PF_XLMUSD
Coinbase International XLM-PERP-INTX
Hyperliquid XLM
Deribit XLM_USDC-PERPETUAL
Lighter XLM